Homeowners often are afraid of listing their home for sale without finding their next home first. Shopping for a home, when you are not in a position to buy can be a painful experience.Let's say you visit 10 homes, and finally find a great new home! But wait, you are not in a position to buy. The seller of the great new home (as with most sellers) will not accept an offer from you based upon the contingent sale of your home. Thus, the dream home is sold to someone else and you miss the opportunity.The best homeowners list their home first and then look for a new home. You can always list your home "subject to finding home of choice". This means if you don't find a great new home, you don't have to sell. Remember, every neighborhood has an "average market time" meaning the average days on market to sale. In Northwest Indiana, the average is about 120 days or 4 months. So even if you list your home today, it could take a few months to find a buyer.The best advise is to list first and shop for the new great home second.
